Location, Location! This 4plex is located in the peaceful, serene neighborhood of Chapel Valley within walking distance to Canyon Lake Park, State Fish Hatchery, Stav Kirke Chapel, next door to the HOA tennis courts and raised-bed garden. Diversify your investment portfolio by owning income properties in SW Rapid City, with this 4plex earning a CAP rate of 5.5% at current rents. Each unit is 2 bedroom/1 bathroom 920 sq ft, with central heat and central air conditioning (no window units), washer/dryer, with paved, off-street parking within 20 feet of each apartment and a front and side entrance. Three of the units have been completely updated with new bathroom fixtures, new carpet, fresh paint throughout, new laundry hook-ups. Vacancies only during remodel, otherwise never an empty unit. Apartments are being built all over Rapid City except the Southwest area, particularly there are few opportunities for rental units in neighborhoods on the South side of Jackson Blvd. Rare find.